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Marketcap
The marketcap has been moving down (-1.47%) since yesterday. The total capitalization is 267 582 234 264 USD.
Bitcoin totals 189 298 488 881 USD of capitalization for a dominance of 70.70%.
Ethereum’s marketcap is 18 876 309 173 USD, followed by Ripple with 11 108 530 008 USD.
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HOW TO READ THE MARKET SENTIMENT ?
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Bitcoin
The Bitcoin closed the previous session in the form of a doji, materializing the indecision that is present in the market. However, the daily technical situation remains positive despite a CCI that is starting to turn downwards.
On a shorter horizon, in 4 hours, the indicators are always negative and show a potential for decline. A return on the weekly opening at $9767 cannot be ruled out.
What to do about it?
Nothing new since yesterday, we recommend patience while waiting for a support retest.
- The supports of the day are at 10500$ – 10080$
- The resistances of the day are at 10800$ – 11000$
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Ethereum
Ethereum’s daily technical situation remains positive but shows signs of running out of steam even before a real increase has materialized.
The 4h situation is negative and we will therefore remain cautious.
What to do about it?
As with the BTC, we will wait for a return on support before opening any long position.
- The supports of the day are at 171.2$ – 160$
- The resistances of the day are at 180$ – 195$
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Conclusion
We advise you to wait for a return on support for BTC and ETH.
You can join us on Telegram for a follow-up of the market throughout the day.
For any question, our team will be happy to answer you on our support which is open 7/7 days.
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See you tomorrow for a new market analysis!
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